Goodwin fights 'unfair' RBS compensation claim

Goodwin, alongside former RBS chairman Sir Tom McKillop and ex-RBS investment banking chief Johnny Cameron, as well as the bank itself, are being accused by the RBS Shareholders' Action Group of misleading investors over a £12bn rights issue completed only months before the bank was forced to ask for an emergency bail-out. The group, represented by lawyers Herbert Smith, deny the bank made "untrue or misleading statements" in the prospectus for the capital-raising in 2008. Instead, they argue they were floored by "unforeseeable and entirely unprecedented" events sparked by the failure...